Posts by Jason Heath

The article “Where Do I Pay Probate Fees?” was originally published on MoneySense on July 5, 2016. Len’s will was prepared in Quebec, where most of his assets are located. Now he lives in Ontario. How will probate work? Q: My notarized will was drawn up and registered in Quebec and all of the assets (cash,…

The article “RESP Investing For Your Teenager” was originally published in MoneySense on June 28, 2016. Karl is wondering if he made a mistake buying a corporate bond ETF for his teen’s education savings. Q: My daughter is going off to university in 4 years. Half of her RESP is in a two-year GIC while 25% is…

The article “Selling Your House? Here’s Where To Invest The Proceeds” was originally published on MoneySense on June 21, 2016. With $1.2 million to invest, robo-advisors may be the best option for David. Q: My wife and I recently sold our house here in the Vancouver area and are trying condo living by renting. We are…

The article “Tax Troubles When Moving To The U.S.” was originally published on MoneySense on June 14, 2016. Rajesh and his wife are moving to the U.S. What are the tax implications of their rental property in Canada and their TFSAs? Q: My wife moved to the U.S. for work last year and I am in…

The eligibility for the credit is based on your age, sources of income and tax payable The article “Do I Qualify For The Pension Tax Credit?” was originally published on MoneySense on May 31, 2016. Q: This is a question about the $2,000 pension income tax credit. If I transfer RRSP funds into a RRIF before…

A high-interest savings account is great, but if you’re willing to stray from the safety net, there are potentially more lucrative options The article “What To Do With Your Extra Cash” was originally published on MoneySense on May 24, 2016. Q: I am turning 30 this year and make around $60,000 a year and was wondering…

After the death of her spouse and having left her job due to her health, Georgia is left wondering—what’s next? The article “Finding Your Financial Footing” was originally published on MoneySense on May 17, 016. Q: A little over 3 years ago, I became a widow very unexpectedly with two kids. About five months ago, I had to…

You can jointly own assets in two ways. Remember, each has different estate planning and tax implications The article “Joint Tenancy vs. Tenants In Common” was originally published on MoneySense on May 10 2016. Q: What is the difference between “joint tenancy” and “joint ownership”? Some years ago my husband and I chose to put all…

Patricia is trying to figure out how best to maximize her retirement income with the least amount of tax payable The article “How To Boost Your Retirement Income” was originally published on MoneySense on May 3rd, 2016. Q: My husband and I are retired and turning 63 and 60 this year. We have combined RRSPs of…